Form PAS-6 (Reconciliation of Share Capital Audit Report on half yearly basis) and It’s Applicability

Purpose

Reconciliation of Share Capital Audit Report on half yearly basis.

Provisions

Pursuant to Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended vide Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019 dated 22/May/2019 effective from 30th September 2019.

As Per sub rule 8 of Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014, every unlisted public company shall submit Form PAS-6 (Reconciliation of Share Capital Audit Report) to the Registrar within sixty days from the conclusion of each half year duly certified by a company secretary in practice or chartered accountant in practice.

Non Applicability

The above rule, Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 not applicable on the following unlisted public Companies: –

(a) Nidhi Company

(b) Government Company

(c) Wholly owned subsidiary

Date of Deployment of Form PAS-6

15th July, 2020.

Last Date of filling of Form

As Per General Circular No. 16/2019 dated 28.11.2019, Form PAS-6 for the half year ended on 30.09.2019 can be file without additional fees within 60 days from the date of deployment of Form on the website of the Ministry (i.e 60 days from 15th July, 2020).

https://taxguru.in/company-law/extension-date-filing-form-pas-6.html

List of Key details required for Form PAS-6

1. ISIN for each Securities.

2. Period for which return is filing.

3. Details of the Capital of the Company.

    Number of Shares Percentage of Total Issued Capital
a Issued Capital
b Held in dematerialised form in CDSL
c Held in dematerialised form in NSDL
d Held in physical form
e Total No. of Shares (b)+ (c)+(d)

4. Details of Changes in Share Capital during the half year under consideration due to any: –

PARTICULARS NO. OF SHARES WHETHER INTIMATED TO NSDL WHETHER INTIMATED TO CDSL
Rights
Bonus
Private Placement
ESOPs
AmalgamationConversion
Buy back
Capital Reduction
Forfeiture
Any other (Please  Specify)

5. Proper details or shares held by Promoters, Directors and KMP.

6. Particulars about register of members, whether updated or not.

7. Particulars of total no. of demat request, if any, confirmed confirmed after 21 days and the total no. of demat requests pending beyond 21 days with the reasons for delay:.

8. Particulars of Company Secretary of the Company, if any.

9. Particulars of the practicing Professional who is certifying the form.

10. Whether there is appointment of common agency for share registry work.

*Note- All information shall ire furnished for the half year ended 30th September and 31st March in every financial year for each ISIN separately

Fee of the Form

Refer The Companies (The Registration of offices and Fees) Rules, 2014.

Processing Type

The form will be processed in STP mode.

***

Disclaimer:The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up.  The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.

For any further queries and suggestions you can contact me on the mail id csaadityagarg@gmail.com and on Mob. 8376993605.

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5 Comments

  1. Nachiket says:

    Whether it is Mandatory for Unlisted company to convert share in demat form if they want to just hold the share means no any transfer or any movement of share . And also this form need to file for the same??

    Thanks for really quility contents !

    1. adityagarg says:

      Not Mandatory to convert share in demat form if there is no transfer and allotment on and after 2nd October, 2018. But if there’s any transfer or allotment, then it will be done in dematerialised form only.

      Further Unlisted Public Companies Mandatory need to obtain ISIN Number and fill this form PAS-6. (irrespective of that their shares in Demat form or Not).

  2. Nachiket says:

    Whether it is Mandatory for Unlisted company to convert share in demat form if they want to just hold the share means no any transfer or any movement of share . And also PAS -6 need to file for the same??

    Thanks for really quility contents !

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